LeapFrog Enterprises Earnings: Profit Takes A Leap

LeapFrog Enterprises Inc. (NYSE:LF) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.09%.

Results: Net income increased 89.88% to $62.3 million (60 cents per diluted share) in the quarter versus a net gain of $32.81 million in the year-earlier quarter.

Revenue: Rose 16.41% to $244.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: LeapFrog Enterprises Inc. reported adjusted net income of 60 cents per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $224.5 million.

Quoting Management: “The quality of execution from the LeapFrog team was exceptional this past year. Despite a tough global economy and a declining U.S. toy industry, we achieved a third straight year of sales growth and nearly tripled our income from operations, continuing to drive shareholder value,” said John Barbour, Chief Executive Officer.